Apr-Jan direct tax receipts up 12.5 pct

Reuters
Posted: Wednesday, Feb 04, 2009 at 1532 hrs IST
Updated: Wednesday, Feb 04, 2009 at 1532 hrs IST

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New Delhi: India's April-January direct tax receipts were up by a slower-than-expected 12.5 per cent on-year to Rs 2.47 trillion but the government is hopeful of meeting the annual target by March-end, a senior official said on Wednesday.

"The direct tax collection touched Rs 2,47,000 cr as on Feb. 1, growing by 12.5 per cent," said S.S.N. Moorthy, the chairman of Central Board of Direct Taxes.

"There is a slowdown in revenue collection but we are hopeful of meeting the budget target of Rs 3.65 trillion by this fiscal year end," he told reporters after a conference.

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